SAND Stock Analysis: Sandvik | ST
Specialty Industrial Machinery | ST, Sweden | Market Cap: 453.335m SEK | 12M Return: 60% | SE0000667891 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 540M
EPS Trend: 27.6%
Qual. Beats: -2
Rev. Trend: -25.4%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Sandvik AB is a Sweden-based engineering company that supplies products and solutions across three core areas: mining and rock excavation, metal cutting, and materials technology. Its offerings include drill rigs, loaders, and mining automation equipment; cutting tools and tooling systems; and metal powders, tungsten products, and related recycling services. The company sells to a broad range of end markets, including aerospace, automotive, mining, general engineering, and infrastructure, and is headquartered in Stockholm.
Sandvik operates a B2B industrial machinery and components model, with revenue exposure linked to both mining capital expenditure cycles and global manufacturing activity. Its materials technology segment provides a foothold in newer applications such as additive manufacturing, complementing the more cyclical heavy-equipment and tooling lines.
- Mining capex cycle drives rock solutions segment orders
- Manufacturing downturn pressures metal cutting tools revenue
- Tungsten price volatility impacts materials technology margins
| Net Income: 16.9b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 0.16 > 1.0 |
| NWC/Revenue: 24.77% < 20% (prev 22.50%; Δ 2.27% < -1%) |
| CFO/TA 0.11 > 3% & CFO 21.2b > Net Income 16.9b |
| Net Debt (45.1b) to EBITDA (32.6b): 1.39 < 3 |
| Current Ratio: 1.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.26b) vs 12m ago -0.04% < -2% |
| Gross Margin: 40.34% > 18% (prev 40.72%; Δ -0.39% > 0.5%) |
| Asset Turnover: 71.66% > 50% (prev 70.01%; Δ 1.65% > 0%) |
| Interest Coverage Ratio: 13.23 > 6 (EBIT TTM 24.8b / Interest Expense TTM 1.87b) |
| A: 0.17 (Total Current Assets 82.0b - Total Current Liabilities 50.0b) / Total Assets 187b |
| B: 0.43 (Retained Earnings 80.3b / Total Assets 187b) |
| C: 0.14 (EBIT TTM 24.8b / Avg Total Assets 180b) |
| D: 1.16 (Book Value of Equity 100b / Total Liabilities 86.4b) |
| Altman-Z'' = 4.67 = AA |
| DSRI: 1.05 (Receivables 37.8b/33.8b, Revenue 129b/121b) |
| GMI: 1.01 (GM 40.72% / 40.34%) |
| AQI: 0.97 (AQ_t 0.41 / AQ_t-1 0.43) |
| SGI: 1.06 (Revenue 129b / 121b) |
| TATA: -0.02 (NI 16.9b - CFO 21.2b) / TA 187b) |
| Beneish M = -2.95 (Cap -4..+1) = A |
As of August 24, 2026, the stock is trading at SEK 380.80 with a total of 1,612,982 shares traded. Over the past week, the price has changed by +6.01%, over one month by +10.73%, over three months by -2.28% and over the past year by +59.98%.
Current recommended Stop Loss: 356.70 (which is 6.3% or 2.8 ATR below the current price).
Sandvik has no consensus analysts rating.
P/E Trailing = 26.9099
P/E Forward = 20.5339
P/S = 3.5111
P/B = 4.487
P/EG = 2.3153
Revenue TTM = 129b SEK
EBIT TTM = 24.8b SEK
EBITDA TTM = 32.6b SEK
Long Term Debt = 27.7b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 12.3b SEK (from shortTermDebt, last quarter)
Debt = 48.8b SEK (from shortLongTermDebtTotal, last quarter) + Leases 5.65b
Net Debt = 45.1b SEK (calculated: Debt 48.8b - CCE 3.62b)
Enterprise Value = 498b SEK (453b + Debt 48.8b - CCE 3.62b)
Interest Coverage Ratio = 13.23 (Ebit TTM 24.8b / Interest Expense TTM 1.87b)
EV/FCF = 28.45x (Enterprise Value 498b / FCF TTM 17.5b)
FCF Yield = 3.52% (FCF TTM 17.5b / Enterprise Value 498b)
FCF Margin = 13.57% (FCF TTM 17.5b / Revenue TTM 129b)
Net Margin = 13.05% (Net Income TTM 16.9b / Revenue TTM 129b)
Gross Margin = 40.34% ((Revenue TTM 129b - Cost of Revenue TTM 77.0b) / Revenue TTM)
Gross Margin QoQ = 40.91% (prev 40.22%)
Tobins Q-Ratio = 2.67 (Enterprise Value 498b / Total Assets 187b)
Interest Expense / Debt = 3.84% (Interest Expense 1.87b / Debt 48.8b)
Taxrate = 24.80% (5.56b / 22.4b)
NOPAT = 18.6b (EBIT 24.8b * (1 - 24.80%))
Current Ratio = 1.64 (Total Current Assets 82.0b / Total Current Liabilities 50.0b)
Debt / Equity = 0.49 (Debt 48.8b / totalStockholderEquity, last quarter 100b)
Debt / EBITDA = 1.39 (Net Debt 45.1b / EBITDA 32.6b)
Debt / FCF = 2.58 (Net Debt 45.1b / FCF TTM 17.5b)
Total Stockholder Equity = 96.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.35% (Net Income 16.9b / Total Assets 187b)
RoE = 17.52% (Net Income TTM 16.9b / Total Stockholder Equity 96.2b)
RoCE = 20.00% (EBIT 24.8b / Capital Employed (Equity 96.2b + L.T.Debt 27.7b))
RoIC = 12.80% (NOPAT 18.6b / Invested Capital 146b)
WACC = 8.84% (E(453b)/V(502b) * Re(9.48%) + D(48.8b)/V(502b) * Rd(3.84%) * (1-Tc(0.25)))
Discount Rate = 9.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.20 | Cagr: -0.04%
[DCF] Terminal Value 74.97% ; FCFF base≈16.9b ; Y1≈18.3b ; Y5≈22.6b
[DCF] Fair Price = 218.4 (EV 319b - Net Debt 45.1b = Equity 274b / Shares 1.25b; r=8.84% [WACC]; 5y FCF grow 9.56% → 2.50% )
EPS Correlation: 27.59 | EPS CAGR: 1.40% | SUE: -1.77 | # QB: -2
Revenue Correlation: -25.42 | Revenue CAGR: -0.58% | SUE: 1.04 | # QB: 1
EPS current Quarter (2026-09-30): EPS=4.54 | Chg30d=-7.02% | Revisions=+0% | Analysts=5
EPS current Year (2026-12-31): EPS=17.59 | Chg30d=-1.31% | Revisions=+6% | GrowthEPS=+44.5% | GrowthRev=+20.1%
EPS next Year (2027-12-31): EPS=19.74 | Chg30d=+2.57% | Revisions=+44% | GrowthEPS=+12.2% | GrowthRev=+13.1%
[Analyst] Revisions Ratio: +24% (up=19, down=11)